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CLM 101

Getting Started with Contract Lifecycle Management and Contract Intelligence

1/6/2023

What Is a Contract Management System?

A contract management system is a software that uses templates and clause libraries to standardize the contents of sourcing and sales contracts; digitizes and stores contracts in a central location; automates workflows focusing on contract creation and execution; and expands in volume as new contracts are added.
1/6/2023

What Is Enterprise Contract Management?

1/5/2023

The Importance of a Contract Lifecycle Management System

What is Contract Management Software?

Contract management software is designed to help lawyers and other professionals create, negotiate, renew, and collect data on existing business contracts.

What is Contract Management?

Contract management is the process of organizing a body of contracts, contract terms, templates, and clauses to drive standardization and efficient retrieval. However, unsophisticated approaches to contract management are becoming a major liability to enterprises as risk management and agility become imperative.